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Here is today’s Breaking News from Letting Agent Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Huge surge in Build To Rent: problem or opportunity for letting agents?

There has been a massive surge in the volume of lettings properties under construction for the burgeoning Built To Rent sector. Data from the British Property Federation,...

Pro-fees ban agent admits there will be “unintended consequences”

A lettings agency boss who says she is actually in favour of the agents’ fees ban nonetheless admits there will be “unintended consequences” which will hurt...

Firm claims tenanted buy to lets get ‘sale agreed’ in just 38 days

An online agency specialising in the sale of investment properties with tenants in situ claims the average time for a tenanted home to sell is just...

Tenants favour no-deposit schemes claims agent

A regional lettings agency claims it’s seen a 26 per cent surge in tenant and prospect views on properties listed as being in deposit replacement schemes. East...

Controversial Labour council ‘to prioritise which landlords to penalise’

A controversial Labour-controlled local authority which already has 91 per cent of its private rental properties inside licensing schemes is now using ‘data-driven’ technology to prioritise...

Fees Ban could cost agencies £60,000 in two years, claims campaigning agent

English letting agencies could lose over £60,000 each in the next two years alone as a result of the Tenant Fees ban coming into effect in...

Another independent agency snapped up as consolidation continues

East Midlands estate and lettings agency John German has revealed that it’s snapped up an independent based in Derby - Sowter & Brown.  The move increases the...

Up they go: Rightmove says rents to rise because of stock famine

A lettings market snapshot from Rightmove suggests asking rents in London are now increasing at an annual rate not seen for four years. Compared with this time...

We’ll help agents through June 1 lettings fees ban, insists ARLA

ARLA says it can help agents understand the intricacies of the Tenants Fees Ban, which completed its third reading in the House of Lords yesterday. With the...

Brexit may have cost London buy to let investors £1,800 each - claim

Landlords in London are possibly £1,806 worse off since the vote to leave the EU in June 2016, according to specialist lender Landbay. The lender - using...

Regional agency hoovers up independent’s 120 lettings properties

CGT Lettings Limited has acquired Gloucestershire based residential lettings company All About Property. All About Property has been run by Darren Loftus for the past four years...

Off to ARLA conference? Early-bird tickets now available

Early bird tickets for this year’s ARLA Propertymark Conference, happening just days before the likely introduction of the ban on tenant fees, are now available. Taking place...

Agency's £20m windfall for tenants who opt for deposit-alternative scheme

Lettings agency Haart says it will return up to £20m in deposits to existing tenants if they sign up to a deposit alternative service run by...

Up to 90 S21 notices to be issued this week by controversial landlord

The man who is arguably Britain’s most controversial landlord - Fergus Wilson - is likely to be issuing up to 90 S21 notices this week as...

More public money for councils to stamp out rogue landlords

More than 50 councils across the country will share nearly £2.4m of extra government funding to crack down on rogue landlords. Among the councils to benefit from...

Today's big vote - no, not Brexit, but the Tenant Fees Bill

Today’s vote in the House of Commons on Theresa May’s Brexit withdrawal deal may be dominating the headlines but it’s the vote in the Lords on...

Licensing: councils accused of automatically imposing harshest penalties

Councils have been accused of routinely pursuing the most serious enforcement option open to them if they find a local licensing scheme has been breached by...

Mystery over missing agent being probed by trading standards

Mystery surrounds the whereabouts of a letting agent who appears not to be in any redress scheme, is being investigated by local trading standards officers, and...

Industry welcomes Universal Credit change to pay landlords directly

The lettings industry has welcomed news that reforms to Universal Credit will include a new online system for private landlords to get rents paid directly to...

Controversial figures claim much more private rental overcrowding

A report claims that England has just 825 homes for every 1,000 families as a result of two decades of house building failing to keep pace...

Buy to let investor hit with £10k fine for failing to make improvements

A council has prosecuted a buy to let investor for not making necessary improvements to his property. The landlord, Balwinder Singh Chandi, owns a property in Marston...

Shock warning to industry: ’A fifth of agents will go by end of 2020’

The UK’s largest property franchise business, Belvoir Lettings, says it beat its own ambitious target for its franchisees’ Assisted Acquisitions programme in 2018 - but that...

Lettings agency fined £167,000 after 'bait and switch' scam

London lettings agency Sterling De Vere must pay a £167,000 fine and compensation of £740 to a renter for a misleading room advertising scam. Tower Hamlets council’s...

Online agency launches new charges ‘for tenant fee ban era’

Online letting agency MakeUrMove has launched a new subscription model which it claims will ”ready landlords for the incoming tenant fee ban.” The new model includes no...

Average rents still creeping up according to HomeLet data

The average UK rental values continued to grow towards the end of last year according to data with the average rent now £921, up 1.5 per cent...

TDS HQ destroyed by fire just as ‘reviewer’ scheme announced

The Tenancy Deposit Scheme - which was hit by a serious fire at its Hemel Hempstead headquarters last evening - has appointed an external independent complaints reviewer,...

Agency reveals first acquisition of 2019 - with more to come, it pledges

Hunters has announced its first business expansion of 2019 with the acquisition of what it calls “a significant lettings book.” The acquisition of the 279-unit fully managed...

Government slammed for 'not bothered' attitude to key ruling

The government has been accused of not helping thousands of landlords who may have inadvertently granted assured tenancies instead of the assured shorthold tenancies they meant...

Major buy to let lender targets companies and 'Brexit worriers'

One of the buy to let sector’s main mortgage lenders, Paragon, has refreshed its range of mortgages with new products which it says are suitable for...

'Create a rental property MOT certificate' says top inventories firm

The UK’s largest provider of inventory services says the creation of an MOT certificate system for properties in the rental sector is the next logical step...

Airbnb management firm to list homes on long-term rental website

A holiday lettings company and a longer term private rental listings services have come together to try to optimise income for tourist and Airbnb-style landlords whose...

Complaint over agency's 'misleading' multiple telephone numbers

A lettings agency has agreed to amend its website after a complaint to the Advertising Standards Authority over its use of multiple telephone numbers. The website for...

Lettings trade body almost doubles in size over three years

The Residential Landlords Association’s membership has hit a new high of 35,000.  Established in 1998 the not-for-profit association - which describes itself as Britain’s leading landlord body...

On the fiddle: Massive buy to let fraud exposed in court

The Daily Mail has reported on a massive buy to let fiddle which involved a £10.8m property empire, rents totalling £500,000 a year, and money laundering. The...

Growing number of middle aged now in the private rental sector

The number of people renting a home aged between 35 and 54 has risen by 15 per cent in the last three years according to research...

Most buy to let fixed rate mortgages cheaper now than a year ago

Most buy-to-let fixed rate mortgages are currently cheaper than they were a year ago - some by as much as £29 per month for a typical...

Scottish 'stamp duty' surcharge rising to 4% later this month

The stamp duty surcharge - which across the rest of Britain is currently three per cent on additional homes such as buy to lets and holiday...

Purplebricks-style lettings management portal to be launched

A new property management portal is being launched with the familiar aim of revolutionising the lettings industry - and it will utilise Purplebricks-style “local experts” across...

Zoopla-backed Zero Deposit scheme targets independent agents

Zero Deposit, the firm set up by former Zoopla commercial director Jon Notley, says it now has around 850 offices using its product - and it...

ARLA restates opposition to MIR changes as tax deadline looms

The Association of Residential Letting Agents is reminding members of tax changes ahead - a timely intervention with the deadline for self-assessment tax returns from landlords...

Best yields and buy to let rents? Head to the North of England...

The latest market snapshot from LSL Property Services once again shows that buy to let investors in northern regions have enjoyed the highest percentage returns, with...

New online agency will get reviews of tenants from past landlords

Another online lettings agency launches in March with a claim that it “will streamline and automate the majority of admin tasks for landlords” and create transparency,...

Another independent agency acquired by big corporate

LSL Property Services has acquired LetCo Homes, a lettings and property management specialist based at Whiteley in Hampshire.  LetCo, which operated chiefly in Hampshire and Sussex, was...

Property Franchise Group brand snaps up independent agency’s lets

Oxfordshire sales and lettings agency Parkers - one of the brands of The Property Franchise Group - has snapped up the managed units run by independent...

Property firm in court over "dangerous" flats above famous pub

Three brothers and a property management company have received fines and a confiscation order, and must pay costs, following what a court has called “the negligent...

Fast-growing Build To Rent investment trust acquires nine new sites

There’s been a strong start to the year for Build To Rent with news that a real estate investment trust dedicated to BTR has signed contracts...

Agency caught up in sub-let scandal of homes let on Airbnb

The Daily Mail has unveiled an extensive network of homes advertised on Airbnb but actually being sub-let by tenants who are believed not to have informed...

Agents ‘must add value for landlords’ if they want to survive 2019

A leading PropTech entrepreneur says letting agents must provide value for their landlord clients through technology, transparency and service if they are to survive the coming...

Housing Court: agents have less than three weeks left to respond

Agents have under three weeks left to respond to the government’s proposals to introduce a Housing Court to settle disputes in the private rental sector. The government...

Impress landlord clients by pointing them at these HMRC webinars

Agents who want to go the extra mile for their landlord clients may want to point them to assistance for the upcoming self-assessment tax return deadline. HMRC...

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